A new survey has found that U.S. employers aren’t expecting to fully fund their annual employee bonuses in 2015.
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This marks the fifth consecutive year that annual bonus pools will be below target, according to a new survey by global professional services company Towers Watson. Even as companies are not fully funding their bonus pools, the survey found a majority of employers are having difficulty both attracting, and retaining, critical-skill employees, reflecting a rise in talent mobility.
Meanwhile, half of the respondents (50%) believe the proposed changes to the Fair Labor Standards Act (FLSA) classification rules regarding eligibility of, and compensation for, overtime are likely to have a significant impact on their organizations. However, less than half (47%) are prepared to implement the changes.